WERIDE-W (00800) saw its share price surge more than 6% during intraday trading, with the stock last up 5.82% at HK$16.74, recording a turnover of HK$19.876 million. The company recently disclosed its financial results, revealing that total revenue for the first half reached RMB 346 million, representing a 73% year-on-year increase. According to the data, overseas revenue in the second quarter climbed 164% year-on-year and 169% quarter-on-quarter, while first-half overseas revenue grew 154% year-on-year, significantly outpacing the overall revenue growth rate. Additionally, the company's gross margin rose to 37.5% in the second quarter.

Recently, Everbright Securities issued a research report stating that WERIDE-W's (00800) first-half 2026 performance indicates accelerated global commercialization of Robotaxi and breakthroughs in its mass-produced vehicle business. The company's Q2 2026 revenue reached RMB 232 million, up 82.2% year-on-year, with product revenue at RMB 92 million (up 54.4% year-on-year) and service revenue at RMB 139 million (up 106.8% year-on-year). The revenue growth was primarily driven by the continued expansion of the L4 business, led by Robotaxi and Robobus, alongside the rapid growth of the L2++/L3 business. Q2 2026 gross margin stood at 37.5%, up 9.4 percentage points year-on-year and 2.8 percentage points quarter-on-quarter. The net loss was RMB 401 million, narrowing slightly year-on-year.

Everbright Securities has maintained its revenue forecasts for the company across 2026-2028 at RMB 1.046 billion, RMB 1.906 billion, and RMB 2.688 billion, corresponding to PS multiples of 14x, 8x, and 6x for 2026-2028. Considering that: 1) the hardware and operating costs per Robotaxi vehicle are expected to continue declining, coupled with supportive policies across multiple global markets, penetration rates are likely to keep rising; and 2) the company continues to achieve commercial deployment overseas while domestic operating licenses are being re-issued, with fleet-scale operations driving continuous optimization of per-vehicle economic models, the firm reaffirmed its Buy rating on the stock.